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Euro nears a two-week high as US dollar continues slide

Watch out for some minor stops if the euro can get through 1.0779, which was the June 1 high.The US dollar continues to slide today as Treasury yields fall and on a weak initial jobless claims report. Tellingly, I'd begun to see some calls for euro slides this week and that's often a sign that too much bearishness was priced in.See:Morgan Stanley: EUR/USD expected to fall to 1.02 by year-endJP Morgan: High-conviction bearish EUR/USD Bias into the summer months This article was w... Read More

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Posted: Jun 8 2023, 14:40

Author Name: forexlive

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